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Chat Transcript

21 Feb 2013 - 16:00hrs hrs

Harshvardhan Roongta | CFP

 

Financial planning and asset allocation

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sunnyksachdeva: HI Sir, i want to know your opinion on ELSS, on context of DTC. what i feel is if DTC comes into picture, very few people are going to invest in ELSS this impacting asset size. Should one wait for DTC implementation thanks
Harshvardhan Roongta: Your concerns are partly correct. The current draft of DTC does not provide for 80C benefits for ELSS. However, the impact of the same to the asset size and subsequently to the distribution of the expenses on the scheme is slightly premature. Currently ELSS is one of the best instruments to invest in for long term growth and tax benefits. I suggest donot wait.
ajenth: Dear Sir, Im ajenth. Im 29 year old . im married. Im totally new to market. however i have saved and amount of 6 lakhs as Fd. Now i want to invest this amount. suggest me some nice portfolio. It can be any sector.
Harshvardhan Roongta: Certain aspects to your financial life needs to be looked at and taken care off - such as 1) Living too short (buy adequate Term Insurance to protect your dependents incase of an untimely demise ) 2) Living Dead (incase of an accident or illness which renders you disabled, you need to plan and protect yourself funancially for such situations - buy accident insurance ) 3) Living too long ( create a corpus with investments in equity and debt for your retirement ). Better if you seek personal advise with a financial planner who will help you draw your fianncial roadmap.
sunnyksachdeva: HI , I want to know your opinion on New Pension Scheme I am 29 years old. Should i invest in PPF or NPS?
Harshvardhan Roongta: Though PPF & NPS are essentially schemes which help you save for your retirement it completely depends on your understanding about money. Let me explain this with an example: PPF will give you one lumpsum payment at retirement. You could invest this money then to get regular income (call it pension)... on the other hand in NPS you will not have access to the entire corpus you have collected at retirement. A part of the same 1/3rd will be given as lumpsum and the rest will be given as pension. I prefer the PPF kind of option as you have the liberty to choose your investment option at the time of retirement to secure a regular income. Incase you think you may not be able to do so, go in for the NPS.
mumbai.com: sir i want to invest Rs 5000 per month. plz tell me some ideas for investment. thanks
Harshvardhan Roongta: If the time horizon is over 10 yrs then invest in Equity Mutual Funds through SIP. You may invest in Franklin India Index Fund - BSE Sensex Plan. This is a passively managed fund and you need not track the performance etc.
neez1001: HI! I AM 36 AND WANT TO INVEST APPROX 3 LACS FOR AN YEAR.PLEASE ADVICE WHETHER DHFL FD WILL BE ALRIGHT. ALSO I CAN TAKE HIGH RISK WITH SOME AMOUNT, KEEPING MAXIMUN AMOUNT WITHIN MODERATE RISK ZONE. GUIDE ME
Harshvardhan Roongta: We normally donot recommend any Company FD. If you understand debt market functioning ... you could invest into SBI Dynamic Bond Fund.
nishaw11: i am 52 yrs old and hav taken VRS. The PF dues of Rs 45 lacs recd by me hav been invested in HDFC MIP anf Reliance MIP. Pls advise if this is a good investment.
Harshvardhan Roongta: The funds you have invested are fine. Whether you should invest in MIP or not is a decision to be taken after understanding your other financial aspects. Answering your query - the fund selection is fine.
ashishapy: Hello Sir, Im Ashish. Im 29 year old . & married. I have lump sum amount of 2.5 Lakhs. I want to invest this money for 2 years so that I should be able to pay down payment of home loan. I know that I should invest in Debt mutual fund. Plz suggest me some good fund. I was thinking to invest in HDFC Short term Opportunity fund. Please help.
Harshvardhan Roongta: You can look at SBI Dynamic Bond Fund. It is a debt fund and the structure is such that it gives the fund manager to change the duration etc of the investments thus giving them some flexibility. In the present interest rate scenario, you could invest in this fund and review it after 1 yr.
nishaw11: I have 10 Lacs with me. Can I invest these in Reliance MIP and HDFC MIP for ten years for my retirement.
Harshvardhan Roongta: Yes you can invest in the same. Monitor the performance once in 2 yrs. Do some research about investing in equities through a STP ( systematic transfer plan ). Since you have a 10 yrs horizon a part of your 10 Lacs can be invested in 100% equities via STP.
anshal: I am 35, want to retire at 40 to take up social work, have 1 home loan of 25 lacs and 2 loan free homes and getting 45000 rent per month. Monthly expenses are 25k and income from salary is 1 lac per month. SIP of 21k per month. what should be the corpus i have after 5 years
Harshvardhan Roongta: Step 1) You will need to settle your home loan in full 2) SIP will stop after retirement 3) You have rent income which is presently more than your expenses ( Rent 45K and expenses 25K ). I think instead of aiming to save to create a corpus at retirement you should try and use the funds for settling the outstanding loan. Further, this is a very big change in your life, hence it would be highly recommended that you take detailed advise from a Qualified Financial Planner.
akothary1: would you suggest investment in ulips?
Harshvardhan Roongta: Aviod as far as possible.
s25: @ this point , which asset class is best for investing for better returns
Harshvardhan Roongta: For a 1 - 2 yrs horizon - MIP, Balanced funds should be good. Interest rates are moving south (thus benefiting debt papers ).. this will reduce the debt costs of corporates which is good for the equity markets thus a scheme which has a mix of both should do well. Depending on your risk appetite choose a Debt heavy or Equity Heavy balance fund.
meenkap: Is it a good time to sizeably invest in gold now that it has fallen a lot?
Harshvardhan Roongta: Donot divert from your asset allocation plan just because the prices have fallen. If you maintain a 10% allocation to precious metals such as gold, stick to it.
sweta1742: Can HRA and Home loan Tax exemption can be taken together?
Harshvardhan Roongta: I dont think so.
sp2310: Sir, I want to know the future of kemrock & DCHL...the former made a huge loss to me & i m betting on the latter still...Kemrock reported huge loss for the qtr ended Dec 12 also .. but it is seen that its very hot in stock market now (UC for the third straight day in a row)
Harshvardhan Roongta: My apologies, I donot follow these stocks.
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